MMHA 6220 MMHA6220 Exercise Evaluating the financial impact of Human Resource Management Activities Reduced
MMHA 6220 Exercise Evaluating the financial impact of Human Resource Management Activities Reduced
1. Are the calculated benefits of reduced turnover sufficient to justify the $680,000 in increased cost associated with the expansion of the human resource management department? Would your answer be the same if “reduced productivity during the learning period” was excluded from the analysis?
2. In addition to improved employee retention, what are some other areas of potential economic benefit to the organization from having a human resource department? What calculations would you do to prove such benefits?
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(TCO 3) Managers are often required to make decisions about the future based